Ask The Expert
Myfinances.co.uk has assembled a collection of experts in the fields of personal finance to answer your questions. So, if there is a major headache in your financial world that you would like some clear expert advice on, please use this email expertadvice@myfinances.co.uk.
Ask the Expert: Questions
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How can I diversify my pension savings in a risk-averse way?
A 66-year-old man wants advice on how to diversify his pension fund so that the growth matches his income-drawdown requirements.
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Can I sell my pension fund?
A 46-year-old man wants to know if he can sell his pension fund valued at £80,000 immediately.
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What are the rules regarding rental insurance for a foreign employee?
A reader wants to know the rules surrounding renters insurance for an employee from the United States who will be working in the UK on a year's secondment.
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Can I withdraw money from a pension fund that is paying out to me?
A reader wants to know if they can access all of the funds invested in a pension fund that is already paying out some money to them
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Can a lender change the terms of a mortgage after a delay that was caused by them?
A reader wants to know if a mortgage lender can change the terms and conditions of a mortgage as a result of a delay caused by the lender not the borrower.
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Can I access a lump sum from my old pensions?
A reader wants to know if he can accessa lump sum from one of his two old pensions that he stopped paying into three years ago.
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Can a mortgage firm extend the length of our mortgage?
A reader is concerned that his mortgage company has said they can extend the term of his mortgage without his permission.
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Can I raise funds from an old work pension?
A reader wants to know what options and tax implications there are about raising funds against an old employers pension.
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As a US citizen with a student Visa, can I get motorbike insurance?
A student from the US on a student VISA wants to know his options for motorbike insurance in the UK.
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Mortgage advice relating to a family joint ownership dispute
A reader wants to know where they stand in regard to a jointly-owned property that is in negative equity and whre one part-owner wants to dissolve the partnership.
Experts
Ben Rees
Company:
Ben Rees of Denehall Wealth Management has spent nearly 10 years working in the investment management sector, both within global banks and smaller niche practices. He is a qualified fund manager holding the Investment Management Certificate (IMC), as well as being a Chartered Financial Planner and Chartered Financial Analyst.;
Mark Hollands
Company:London Money
Mark Hollands has over 15 years industry experience as a mortgage advisor, national sales manager before joining London Money as a residential & commercial mortgage broker in Central London.;
Mike Jones
Company:Lloyds
Mike Jones is the sales director for the UK's leading lender, Lloyds Banking Group – representing brands including Halifax, Lloyds TSB, Cheltenham and Gloucester and Birmingham Midshires.;
Tom McPhail
Company:Hargreaves Lansdown
Tom McPhail is a leading commentator on pensions, with broad experience of pensions and investment related issues. He has over twenty years experience in the financial services industry, having started his career at Norwich Union in 1986. Since then he has worked for a small, specialist pensions insurance company, dealing with Sipps, SSASs, Drawdown and group pensions; he has run a pensions business for a large regional IFA company; and has worked as a specialist pensions adviser, giving advice to individuals and companies on pensions issues.;
Vanessa Chance
Company:lv=
Vanessa Chance from the UK's largest friendly society LV= has worked in financial services for ten years.;
Further Questions
I am splitting from my partner and want to keep the houseA reader is splitting from his partner, wants to keep the property and is looking for advice on how to convince a mortgage broker that he can take on the mortgage on a single salary. |
My mother is ill and does not live at home – How can I sort out her home insurance?A reader wants to insure his mother's home now that she is in a nursing home with dementia. Our insurance expert provides the expert advice. |
Can I get the hard drive back from insurers on broken laptop?A reader wants to find out if an insurer is within their rights not to give back the hard drive on a broken laptop that has been classified as unrepairable. |
What are the pitfalls of releasing funds from a pension policy?A reader has come across a scheme that is offering to release funds from an old pension scheme he has invested and wants to know the pitfalls. |
Can I force a previous employer to release my pension funds?A woman wants to know if she can cash in her pension with a previous employer |
Can my son obtain his own insurance without owning his own car?A woman would like to know if her son can drive her or her daughter's car without obtaining his own insurance policy. |
Can woodworm in roof timbers be claimed for on my home insurance?A reader wants to know if they can claim under their home insurance policy for damage to roof timbers caused by woodworm. |
Can I go under my Dad's insurance for my own car?A reader from Leeds wants to know if he can put his own car under his Dad's insurance to get cheaper car insurance. |
Does home insurance cover me for problems with my roof?A woman from Carlisle wants to check if her home insurance policy covers a plastering problem affecting the ceiling that means part of her roof needs replacing. |
Can I put my partner on my own car insurance policy?A woman from Aberdeen wants to know if her partner can purchase their own policy for her car despite being banned from driving three years ago. |